Bitcoin Market Analysis

May 14, 2024

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⚪️TECHNICAL (1D)

BTC has recently broken out of a falling wedge pattern, and today's candle is pivotal. If the candle closes above the wedge, it suggests a bullish sentiment, while a close inside the wedge could signal a bearish trend. Keep a close eye on today's candle close for further insight into market direction.

⚪️WRAP-UP (VIP)

BTC broke out of a falling wedge pattern, but today's candle fell back inside. Watch its close: above suggests bullishness, inside signals bearishness.

$BTC DAILY RANGE:

📈Upper Limit: 63500

📉Lower Limit: 60700

(+-11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲59000

🔴SHORT

💲65000

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